What’s Ahead for Pretium Resources Inc After Today’s Huge Decline?

 What's Ahead for Pretium Resources Inc After Today's Huge Decline?

The stock of Pretium Resources Inc (TSE:PVG) is a huge mover today! About 53,778 shares traded hands. Pretium Resources Inc (TSE:PVG) has risen 40.24% since April 14, 2016 and is uptrending. It has outperformed by 35.81% the S&P500.
The move comes after 8 months negative chart setup for the $2.03 billion company. It was reported on Nov, 18 by Barchart.com. We have $10.79 PT which if reached, will make TSE:PVG worth $101.50M less.

Pretium Resources Inc (TSE:PVG) Ratings Coverage

Out of 7 analysts covering Pretium Resources (TSE:PVG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $16.75 is the highest target while $8.50 is the lowest. The $12.81 average target is 12.76% above today’s ($11.36) stock price. Pretium Resources has been the topic of 13 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Scotia Capital on Friday, July 22. As per Tuesday, June 28, the company rating was maintained by RBC Capital Markets.

More news for Pretium Resources Inc (TSE:PVG) were recently published by: Forbes.com, which released: “Pretium Resources Becomes Oversold (PVG)” on August 24, 2016. Fool.com‘s article titled: “Why Pretium Resources Inc Shares Plunged Today” and published on February 23, 2016 is yet another important article.

Pretium Resources Inc. is a Canada-based exploration and development company. The company has a market cap of $2.03 billion. The Firm is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. It currently has negative earnings. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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